National Bank Financial Estimates Enbridge Q4 Earnings

Enbridge Inc. (TSE:ENBFree Report) (NYSE:ENB) – Stock analysts at National Bank Financial issued their Q4 2024 earnings per share (EPS) estimates for Enbridge in a research note issued to investors on Tuesday, January 28th. National Bank Financial analyst P. Kenny anticipates that the company will post earnings per share of $0.76 for the quarter. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share.

Enbridge (TSE:ENBGet Free Report) (NYSE:ENB) last issued its quarterly earnings results on Friday, November 1st. The company reported C$0.55 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.56 by C($0.01). Enbridge had a return on equity of 8.57% and a net margin of 13.54%. During the same quarter in the previous year, the company earned $0.62 earnings per share.

Several other brokerages have also issued reports on ENB. Morgan Stanley set a C$64.00 price target on shares of Enbridge and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Jefferies Financial Group raised their target price on Enbridge from C$59.00 to C$65.00 in a research report on Thursday. Scotiabank upped their price target on Enbridge from C$57.00 to C$61.00 in a research report on Wednesday, December 4th. Barclays lifted their price objective on Enbridge from C$59.00 to C$64.00 in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Enbridge from C$66.00 to C$69.00 in a report on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$62.23.

View Our Latest Report on ENB

Enbridge Stock Performance

Shares of ENB stock opened at C$64.43 on Thursday. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76. The firm has a market cap of C$140.46 billion, a price-to-earnings ratio of 24.78, a P/E/G ratio of 1.72 and a beta of 0.90. Enbridge has a 52 week low of C$45.05 and a 52 week high of C$65.62. The firm’s 50-day simple moving average is C$61.50 and its two-hundred day simple moving average is C$56.96.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be paid a dividend of $0.9425 per share. This represents a $3.77 annualized dividend and a yield of 5.85%. This is a boost from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s payout ratio is currently 140.77%.

Insider Buying and Selling

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total value of C$66,293.64. 0.10% of the stock is currently owned by insiders.

About Enbridge

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Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.

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Earnings History and Estimates for Enbridge (TSE:ENB)

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